Will the Community Reinvestment Act benefit auto finance?
The Community Reinvestment Act (CRA) was designed to increase credit access to low- and moderate-income individuals (LMI) and neighborhoods, but ...
Tag: credit availability
Credit access tightens for third consecutive month
Credit availability tightened for the third consecutive month in July amid widening yield spreads and declining subprime share. The Dealertrack ...
Auto lenders tighten credit access for first time in 12 months as rates rise
Auto lenders tightened credit access in May amid rising interest rates after a year of loosened standards. The Dealertrack Credit ...
Auto credit market remains competitive despite Fed interest rate hikes, dealers say
Competition in the credit market is heating up as banks and credit unions lean on low-cost deposits to keep auto ...
Auto credit availability improves 8.1% YoY in April
Auto credit availability improved for the 11th consecutive month in April as yield spreads narrowed and loan approval rates ticked ...
Auto loan credit availability improves 7.6% YoY in January
Narrowing yield spreads and longer loan terms contributed to an improvement in credit availability for auto loans in January. Credit ...
Industry Pulse: The 2H 2021 forecast with Cox Auto’s Jonathan Smoke
In the August episode of the Industry Pulse webinar, Cox Automotive Chief Economist Jonathan Smoke discusses credit availability, rising used-vehicle ...
Subprime sinks in Q3, auto originations move closer to pre-pandemic levels
Despite auto originations climbing back to near pre-pandemic levels in the third quarter of 2020, subprime loans continue to decline ...
